FX:USDJPY   U.S. Dollar / Japanese Yen
229 4 1
98.25 is the level to watch for now. False break at this level might provide a valid long setup. 99 is the immediate target for long.

Details and follow up can be found at the blog. Check my profile for link.
What a fall!
Not sure if you read the followed up chart. Anyway, in short, there wasn't a false break at 98.24, so there wasn't a long for me.
AncientM tradergav
Sorry to reply late. Yes, I missed the followed up chart! The situation is different now, price is consolidating and fundamental suggests opportunity for long!
Good analysis...I will surely look for the bounce back...
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